Cyprus a New Offshore Frontier

The Cross Group

Our Goal is to Support Cyprus

With Technology to

Improve Sub Sea Well Production

Benefits to the Cyprus Shipping Industry

• Offshore Oil and Gas production will increase demand for Hydrocarbon Shipping/Transportation requirements in this region

• Mono Hull Vessels can be used as work platforms for some operations

• Sustaining production rates will preserve the demand for Hydrocarbon Shipping/Transportation requirements

Benefits Recognized by Operators

• Continuity for Life of Field Support Services

• Lower Live Well Intervention Costs

• Efficiencies in Operational requirements

• Higher production levels increases field profitability

• Proven Efficient Technology provides higher returns over life of field

Initial Offshore Infrastructure

Existing Hardware for Interventions

Shallow Offshore fields are supported with Jackets over the Wells

Fixed Structures are not an option in Cyprus

• 1600 – 2000 Meters water depths

• Multiple wells are needed for suitable reservoir management

• Efficient depletion of formation could require multi zone completions

Utilizing a Sub Sea a Tree

Subsea Tree

Initial Offshore Production

Small Scale Subsea Development

Large Scale Subsea Development

Past Challenges for Sub Sea Wells

• Historical data shows lower recovery rates over life of the field compared to surface completions

• Access to the well bore

• High Cost of Rigs to perform Intervention Operations

• Rigs taken from Drilling Programs to perform aging well maintenance

Cross is Providing an Economical Solution

For Sub Sea Live Well Interventions

Innovation and Operational Expertise Come Together

• Safe• Efficient• Cost-effective

Capabilities •Live Well Interventions •Zonal Isolation through shifting sleeves, setting plugs, dump bailingcement •BHP surveys •Logging •Perforating tubing or formation •Diagnostics •Plug and abandonment of wells •Cutting tubing and casing •Tree removals and exchanges 

Riserless Live Well Intervention System

Deployed and operating at 1000 meters

Capabilities •Live Well Interventions on horizontal and big bore conventional trees •Full range of coiled tubing operations utilizing up to 2.375” OD coiled tubing. •Zonal Isolation through shifting sleeves, setting plugs, dump bailing cement •BHP surveys •Logging •Perforating tubing or formation •Diagnostics •Plug and abandonment of wells •Tree removals and exchanges

Riser Based Live Well Intervention Packages

Over the course of a field’s life, equipment will beexchanged or adjusted as a result of wear, increasedsafety and regulatory requirements.

Cross places the highest importance• Safety• Operations efficiency• Equipment Reliability

Benefits of Cross Provided Services• Increased oil recovery• Improved field uptime• Lower lifecycle costs

Cross Live Well Intervention Operations

• Live Well Interventions • Camera inspection• Caliper logging• Well killing operation• Change-out of gas lift valves• Zonal Isolation through shifting sleeves, setting

plugs, dump bailing cement • Well barrier re-establishment prior to rig work over• Installation/replacement of subsea trees (VXT)• BHP surveys • Logging • Perforating tubing or formation • Diagnostics • Cutting tubing and casing • P&A operations of subsea wells

• Proven Hardware and Operational Expertise

• Deployed from Lower Day Rate Mono Hull Vessel instead of a High Day Rate Rig

• Ability to interface with any SubSea Tree

• Able to be deployed to the Global Market

• Client Cost Savings are measurable

CROSS INTERVENTION PACKAGE BENEFITS

Benefits to the Cyprus Shipping Industry

• Offshore Oil and Gas production will increase demand for Hydrocarbon transportation requirements in this region

• Mono Hull Vessels can be used as work platforms for some operations

• Ensuring high production rates will drive demand of Shipping/Transportation requirements

THANK YOU